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According to its central bank, the private sector still controls two-thirds of the Venezuelan economy--- the same as 1998--- when Hugo Chavez was elected president.
"The reasons are political and practical: Chavez knows most Venezuelans recoil from the idea of Cuban-style state control, and his government is far from being capable of taking over and running a majority of the economy."
AND..."So his strategy has been to selectively nationalize companies, set up state-run supermarkets and promote worker-managed businesses, while trying to convince Venezuelans to accept his vaguely defined brand of "21st Century Socialism."
It is a hard sell for a country hooked on consumerism."
